MergerPlace

SE MN 2-Way Radio Sales and Service

Minnesota


  • Asking Price: $110,000
  • Gross Income: $264,776
  • Cash Flow: $51,559
  • Real Estate: Not Disclosed
  • Inventory: $19,400
  • FF&E: $42,000
  • Listing ID: #223727
  • Established: 1985
  • Employees: 1 FT

Business Description

Independent 2-way radio sales and service company for sale in Southeast Minnesota. This company has been established over 30 years and services farms and large employers including manufacturers, distributors, and schools. This company specifically caters to a niche market of end users within these organization that utilize the technology on a daily basis. Current owner works about 40 hours per week doing sales and service. There is one employee that is the office manager working on a part-time basis currently. The employee is aware of the sale and is prepared to transition with a new owner.
The seller is transitioning into retirement but would be willing to work with a new owner up to 2 years to get the transition of the business right. The new owner should possess a passion for helping the customer base solve their communications issues and a desire to stay abreast of the latest technology trends. Finding solutions for customers and implementing those solutions is the top task that the current owner performs, followed by maintenance and repair services and administrative duties.


Business Details

Primary Business Category: Retailers - Miscellaneous
Location: Minnesota

Company Information

Year Established: 1985
Home Based: No
Franchise: No
Relocatable: Yes
Number of Employees: 1 FT

Financial Information

Asking Price: $110,000
Gross Revenue: $264,776
Cash Flow: $51,559
FF&E: $42,000
Inventory: $19,400
Seller Financing Available: No

Property Information

Facilities:

Currently operating out of a 2400 sq ft facility, 800 sq ft which is office and reception area and 1600 sq ft of shop area. Building is located in a convenient location and is in excellent condition.

Growth & expansion opportunities:

Seeking out and integrating the latest technologies with current and future customers will be paramount to growing sales for this organization. The main way to grow the organization would be to do more direct sales calls. The current owner does not do any direct sales calls to past, current or potential customers. Proactively seeking out new customers could add a big boost to the top and bottom line. In addition, there are new 2-way radio technologies that could be promoted to current and new customers as additional revenue sources. Newer 2-way radio technology sales could add a recurring revenue component to the operations.

Competition:

The company differentiates itself from the competition by offering superior sales and service experiences. Moreover, the company offers higher quality, better warrantied products than the competition. Shops similar to this one are becoming fewer and farther between which is driving customers to seek out the services of this company from farther distances. The company currently focuses on maintaining customers within a one hour drive from the base of operations, but frequently pulls in customers from much further away due to its unique position in the market. Demand for 2-way radio systems is steady in the service area of the company. Because the systems cater perfectly to the communication needs of maintenance teams and farm operations, the seller does not see the market for this business's products and services diminishing in the future.

Reason for selling:

Owner wishes to retire and transition the business to new ownership in the process.

Support & Training:

Will train for 2 weeks @ no cost Business sells and services 2-way radio equipment. An FCC technician license will need to be obtained by the new owner within a reasonable period of time after the purchase. Additionally, there are key vendor contracts that will need to be passed on to the new owner. A passion for solving problems and creating solutions related to 2-way radio communications equipment will be of utmost importance for the new owner.

Contact Business Seller

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Business Listed By:

Jacob Peterson

Murphy Business Brokers